Bahrain-based Arab Banking Corporation (ABC) said its consolidated group net profit for the first nine months rose to $157 million, up 40 per cent over the same period last year.
Announcing the results on Tuesday, ABC said the total operating income for the third quarter amounted to $200 million, marginally below $207 million in the previous quarter, whilst operating expenses decreased to $97 million compared to $102 million, in part due to the impact of exchange rates..............................................Full Article: Source